Zeta provides cloud-native banking software and modules for core banking, payment processing, fraud detection, and customer engagement. The company serves 25 million accounts on its platform and has contracts to add another 25 million. Its flagship customer in India is HDFC Bank; other customers include Pluxee and U.S.-based Sparrow Financial. The U.S. is Zeta’s biggest market and the company generates more than $50 million in annual revenue in India. Zeta has invested about $400 million in its platform since inception and employs roughly 1,700 people across the U.S., Middle East and Asia. Management expects to become profitable by March 2026 and aims to capture 25% market share over the next decade. Zeta builds a cloud-native Omni Stack that bundles card processing, loans (BNPL and personal loan management), deposits (DDA/core banking) and a white‑label mobile app into a single platform. Its Tachyon suite includes Tachyon Credit (credit, debit and prepaid processing with card controls and personal finance management), Tachyon Loans (BNPL and personal loan management), Tachyon Deposits (core for checking and savings) and Tachyon Mobile (customizable mobile app). The company serves over 10 banks and 25 fintechs across eight countries, counting Sodexo and HDFC Bank among customers. Co-founded in April 2015 by Bhavin Turakhia and Ramki Gaddipati, Zeta employs over 750 people across offices in the US, UK, Middle East and Asia. The business recently raised $250M at a $1.45B valuation, one of the largest single investments in a banking tech startup globally. Zeta says it will use the proceeds to accelerate growth in the United States and Europe and to scale its operations, team and platform. Zeta offers a full-stack, cloud-native neo-banking platform that enables issuance of credit, debit and prepaid products and a suite of enterprise solutions for corporates (automated cafeteria, employee gifting, rewards and recognition). The company began in 2015 in the digital meal benefit market and has expanded into cloud banking and digital payments for banks and fintechs. Zeta’s platform is used by RBL Bank, IDFC First Bank and Kotak Mahindra Bank, serves 14,000 corporate firms and over two million users. Management plans to broaden the cloud banking platform and digital payments solutions across the US, UK, Europe and South‑East Asia and expand operations to 7–10 countries in the next 18 months. Zeta intends to double its engineering team with 200 new hires and invest in AI, ML and predictive analytics to enhance its product offering. The company has been founder-funded to date, with co‑founders Bhavin Turakhia and Ramki Gaddipati having collectively invested $40 million prior to this round.

Total raised

$360M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2025